Hypertake is an independent web interface for Hyperliquid's HIP-4 prediction markets (outcomes) and perpetual futures. You connect your own wallet; every order is placed, matched and settled on Hyperliquid, and your money stays in your own Hyperliquid account. Hypertake is not affiliated with or endorsed by Hyperliquid. Markdown of this page: https://hypertake.net/docs/perps/managing-a-position.md. Full documentation index: https://hypertake.net/llms.txt
Perps · Trading
Managing a position
Close, add margin, change leverage or set TP/SL on an open Hyperliquid perps position, edited in place beside the chart
Click an open position to edit it in place: on desktop, the position editor replaces the order form beside the chart, with four tabs (Close, Margin, Leverage, TP / SL). Each change is drawn on the chart and summed up before you press, and nothing is sent until you do.
Opening the editor
In Positions under the chart, click a perps row to open the editor on its TP / SL tab, or click one of three cells to open the matching tab: Margin (the amount and Cross or Isolated), TP / SL or Close. (The market name itself is a link to that market's terminal.) The row stays highlighted and tagged Editing, the head of the side panel reads Editing position with the position and how long ago it opened, and × or Escape takes you back to the order form, with whatever you'd typed there kept. On the phone and the Portfolio page, the same editor opens as a sheet or a modal.
The editor's top row shows the live position: Size, P&L (with ROE), Entry (with the mark) and Liquidation (with the margin), valued at the mark about once a second.
The four tabs
| Tab | What it does | Shown before you press |
|---|---|---|
| Close | Closes a share of the position at market: slider 1–100%, or 25%, 50%, 75%, All | What it closes, the P&L it locks in, what stays open |
| Margin | Adds margin from your balance or removes some (isolated only) | Margin and liquidation, from → to, drawn on the chart |
| Leverage | Sets a new leverage, up to the market's maximum | What it frees or ties up, and the liquidation if it moves |
| TP / SL | Sets, moves or removes take profit and stop loss | Each level's price and P&L; draggable on the chart |
Close
Close at market sends a reduce-only order at the best prices in the book, no worse than 5% from the mark. The button says exactly what will happen: Close all · lock in +$14.29. A partial close must be worth at least $10 ("At least $10 per close"). Closing all of it also cancels the position's take profit and stop loss.
Margin
Isolated positions only; a cross position's margin is your shared balance. Add moves your liquidation further away; Remove frees money and brings it closer. Hyperliquid keeps at least the larger of the initial margin and 10% of the position's value, so the tab shows how much can come out, and hides Remove (with a line saying why) when nothing can. On a strict isolated market, Hyperliquid doesn't allow removing margin at all (Hyperliquid: margining).
Leverage
Quick picks (2×, 5×, 10×, 20× and the maximum) or a slider. In cross, a change only frees or ties up balance; the liquidation stays. In isolated, lowering the leverage adds the margin it needs first ("Add $12.40 and set 5×"), which moves the liquidation away; raising it moves nothing. See Leverage and margin.
TP / SL
The levels already set fill the rows; change them by sliding, typing or dragging their lines on the chart, then Save. See Take profit and stop loss.
Adding to a position, or reducing it from the order form
The order form knows when you hold the market. An order on the same side shows Adds to your BTC long, with Position, Entry and Liquidation as from → to. An opposite order shows whether it takes some off, closes or closes your long, opens a short, with what you take or lock in. On the chart, the old entry and liquidation turn grey ("Entry now", "Liquidation now") and the new ones are drawn with arrows, before you click.
ExampleLeo closes half and locks in a profit
- Leo is long 0.02 BTC from 80,000 at 5× isolated. BTC's mark is 82,000: he's up $40.
- He clicks Close on the row and picks 50%. The tab shows Closes 0.01 BTC · $820, Locks in +$20.00, Stays open 0.01 BTC.
- He presses Close 50% · lock in +$20.00. The order fills at the best bids; $20 of profit, less fees, is realised.
FlowClose tab → 50% → reduce-only order at market (within 5% of the mark) → 0.01 BTC closed, +$20 locked in
On the phone
Tap a position to open its page: the P&L, then Size, Value, Entry, Mark, Liquidation, Margin, Funding so far (an estimate), TP, SL and when it opened, over a chart with its levels. The bar at the bottom has Add / Reduce (take profit and stop loss, add to it, reduce it, add or remove margin, change leverage) and Close, which opens with All chosen. Every close asks for two taps, like every order on the phone.
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